Powering renewables: Pairing of electric mobility with renewables has become the ultimate target
The renewable energy (RE) sector in India has matured. Low tariffs discovered by bidding have no doubt supported a fast scale-up (17% CAGR in the last five years). Solar capacity has reached 33GW out of a total of 89GW of RE capacity, itself 24% of the country’s total power capacity. The most recent bid in November this year has delivered a remarkable tariff of Rs 2/kwh, a reduction of 15% from the last bid just this summer.
